Estate Planning in Florida: Keeping Your Beneficiaries Informed

Posted on Dec 31, 2011
Besides signing papers to establish your estate plan, you need to make sure your heirs will be able to find your documents. According to an article in The Wall Street Journal, many states, including Florida, are investigating whether certain insurers are not paying unclaimed policies to beneficiaries.

Insurers, however, claim they are conducting business lawfully. Based on policy contracts, they don't have to take action to determine whether a policyholder is still among the living, but they are required to pay when beneficiaries do request payment.

To avoid any problems with your policy, you can get the assistance of a Fort Myers estate planning attorney to help you secure important documents and keep your family posted of their whereabouts.

If you fail to keep any important papers in order, financial consequences could be significant. The National Association of Unclaimed Property Administrators has verified that state treasurers are holding $32.9 billion in unclaimed assets, including bank accounts. If you think you have unclaimed assets, visit MissingMoney.com.

Experts suggest you create a folder of documents that your loved ones can access in an emergency. You can also leave your documents with your Fort Myers estate planning attorney or keep them at home in a fireproof safe. Just make sure someone you trust knows the combination.

Help From an Estate Planning Attorney in Fort Myers is Just a Phone Call Away

Fort Myers estate planning attorney Matthew A. Linde understands firsthand the importance of careful estate planning and the complexities of financial legal matters, such as probate, tax litigation and guardianship. For help with your estate planning concerns, contact our Fort Myers office to schedule a one-on-one meeting with a professional who can answer your questions – 239-939-7100 or 844-764-5492.